Head of Internal Audit, Financial Services Sector

The Head of Internal Audit is responsible for all aspects of the Internal Auditing function for the Financial Services Sector (FSS) of ANSA McAL Limited.

Job Summary:

The Head of Internal Audit is responsible for all aspects of the Internal Auditing function for the Financial Services Sector (FSS) of ANSA McAL LIMITED. This includes:

• Designing and implementing a comprehensive program of internal auditing within the operating companies under the governance of respective Audit Committees within FSS.
• Examining and evaluating the adequacy and effectiveness of the systems of management control.
• Conducting assurance, consulting, and special projects; establishing an annual internal audit plan; assuring the timely completion of audit projects.
• Providing reports and recommendations to operating company management and the respective Audit Committees within FSS.
• Monitoring and reporting on the implementation of management actions.
• Supervising and evaluating FSS internal audit staff.
• Ensuring compliance with the Fraud Investigation and Reporting Policy, Corporate Code of Ethics and Whistleblowing Policy.

Job Description:

• Provide assurance on the effectiveness of risk management and the strength of the control environment in FSS.
• Ensure that all internal audit activity is in compliance with current professional and IIA Standards including the IPPF.
• Develop, with input from senior management and respective Audit Committees within FSS, an annual risk-based audit plan. Present the plan for review and approval by each Audit Committee within FSS.
• Implement and maintain a quality assessment and improvement program (QAIP) for the FSS internal audit function.
• Establish and maintain departmental operating policies and procedures.
• Oversee FSS internal audit staff and managers to ensure that audit objectives are met; adequate practical coverage is achieved; and conclusions are supported by sufficient, reliable, relevant, and useful information. Conduct/lead investigations as necessary.
• Develop objectives, evaluate the performance and assess training needs for FSS internal audit staff members. Develop a training plan as necessary.
• Direct the members of the internal audit function in executing the work of the department. This includes budgeting for audit projects as well as matching the department’s resources with the needs and risks of companies within FSS to execute internal audit activities.
• Ensure timely, relevant and accurate reporting to respective FSS Audit Committees. Discuss all critical matters with the AMBL Audit Committee Chairman. Keep the Audit Committees informed with periodic progress reports on current projects, key risks and outstanding management corrective actions. Attend all meetings of the Audit Committee of the Board for respective companies within FSS.
• Set the strategic direction of the FSS Internal Audit Department.
• Develop and maintain an effective working relationship with FSS Senior Management, providing sufficient flexibility to be responsive to management’s needs and maintain timely and relevant communication.
• Maintain a current understanding of the latest regulatory developments and requirements for all organizations within FSS. Liaises with legal and regulatory bodies on internal audit related matters.